If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan? Answer: $140,000.00 x .03 x 5 years

If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the

loan? Answer: $140,000.00 x .03 x 5 years

If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, the interest you will owe at the end of 5 years is $21,000. 140,000*.03*5=21,000

If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan? Answer: $140,000.00 x .03 x 5 years

Original conversation

User: If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, how much will you owe in simple interest at the end of the life of the loan? Answer: $140,000.00 x .03 x 5 years

Weegy: For simple interest the formula is I=Prt I=500,000*.145*10 I=725,000 $500,000.00 at 14.5% simple interest for ten year - the interest is $725,000. Expert answered|reign_23|Points 0|

If you borrow $140,000.00 from your bank at rate of simple interest of 3% for a period of 5 years to start up your business, the interest you will owe at the end of 5 years is $21,000. 140,000*.03*5=21,000

Added 1/1/2013 11:58:49 AM

This answer has been added to the Weegy Knowledgebase

Weegy: For simple interest the formula is I=Prt I=500,000*.145*10 I=725,000 $500,000.00 at 14.5% simple interest for ten year - the interest is $725,000. (More)

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